MORE than 300 barley farmers in Narok county have threatened to abandon the crop after a bank blacklisted them in the credit reference bureau.
The farmers claim that
Speaking in Narok town yesterday, the farmers said they had entered into an agreement with
He accused EABL of approaching
"We are shocked that the bank has blacklisted us yet we were told that the shortfall was to be paid by the insurance company. All the farmers paid the premium and it is totally unlawful for CIC to renege on the deal it had with EABL and the bank," Koila said.
The farmers said they were told that as a way of avoiding losses in case of crop failure, EABL approached CIC to insure the crop.
Most Popular Stories
- Criminal Investigation Opened Into James Foley's Death
- Swiss Suicide Tourism Doubled Since 2009
- Wealth Gap Widened in Past Decade: Census
- Florida's Largest Insurer Says 'Bailout' Attacks Unfair
- Job Market Shifts Complicate Yellen's Rate Decision
- U.S. Supporters of Islamic State Get Close Scrutiny
- Gap Reports Higher Profits, India Plans
- James Foley Beheading Sparks Anger, Little Action
- McDonald's Names Another U.S. President
- International Revulsion Grows Over James Foley Death